From tourism to power generation and productivity, Europe feels economic cost of heatwaves

Latest reading on Wednesday likely to frame scale of challenge for new PM to ease pressures on households amid Iran war fallout British households are facing a renewed cost of living squeeze, with official figures expected to show this week that soaring energy bills drove up inflation in July to close to 3%. As the Iran war continues to send shock waves through global energy markets, economists predict the surge in UK gas and electricity bills last month will push Britain’s headline inflation rate to 2.9%...

London police force tells Telegraph incident was result of ‘human error’ and it is conducting an investigation The Metropolitan police have apologised for accidentally exposing the email addresses of more than 140 victims of Mohamed Al Fayed. In a group update about its investigation into the former Harrods owner, the force copied the email addresses of 143 victims of Fayed in a message that included about 12 other recipients, the Telegraph reported...

Peter Ruis appeared ‘to be doing a good job in difficult circumstances’ at department store chain, says analyst “Going up?” After a tough week for department stores it feels as if that sales aspiration is as dated as the singsong phrase in the opening credits of Are You Being Served? Simpsons of Piccadilly, which inspired the fictional Grace Brothers department store in which the 1970s TV sitcom was set, is long gone, and several of its modern equivalents are now fighting oblivion. The boss of John Lewis, Peter Ruis, clearly decided it was time to exit the elevator this week, announcing his abrupt departure from the UK’s biggest department store chain in a surprise statement. Days later, Harvey Nichols, the luxury Knightsbridge store that was once a byword for 1990s chic, was bought out of administration for a knock-down price by the owner of Sports Direct, Mike Ashley’s Frasers Group...